The Company expects to announce the outcome of a PEA (Preliminary Economic Assessment) on the SMP Gold Project, Tanzania before the middle of September. The study has been conducted by SRK Consulting (Australia) Pty. Ltd.

The PEA focuses solely on the Measured and Indicated resource at the Porcupine and Kenge targets (combined M&I resource is 1,020,000 ounces grading 1.32g/t Au at a 0.5g/t Au cut-off).

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